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Frictions and the joint behavior of hiring and investment
Yashiv, Eran - 2012
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...
Persistent link: https://www.econbiz.de/10009548650
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Countercyclical recruiting rates and the value of jobs
Yashiv, Eran - 2015
U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...
Persistent link: https://www.econbiz.de/10011346601
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First depressed, then discriminated against?
Baert, Stijn; De Visschere, Sarah; Schoors, Koen; Omey, Eddy - 2014
This study assesses hiring discrimination based on disclosed depression. We send out pairs of job applications from fictitious unemployed candidates to real vacancies in Belgium. Within each pair, one candidate cites depression as the reason for her/his unemployment, whereas the other candidate...
Persistent link: https://www.econbiz.de/10010380854
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Do hiring credits work in recessions? : evidence from France
Cahuc, Pierre; Carcillo, Stéphane; Le Barbanchon, Thomas - 2014
job created for the government was around zero. The employment effect was stronger in areas where recruitment was easier …
Persistent link: https://www.econbiz.de/10010382634
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Graduating from a less selective university during a recession: evidence from mobility report cards and employer recruiting
Weinstein, Russell - 2021
Using mobility report card data, I show graduates of less selective universities experience more adverse impacts of graduating in a recession. I highlight one mechanism: during recessions employers stop recruiting at less selective universities. Using a unique dataset of employer recruiting...
Persistent link: https://www.econbiz.de/10012550221
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Revisiting the hypothesis of high discounts and high unemployment
Martellini, Paolo; Menzio, Guido; Visschers, Ludo - 2019
We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...
Persistent link: https://www.econbiz.de/10012026394
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The importance of hiring frictions in business cycles
Faccini, Renato; Yashiv, Eran - 2020
Hiring is a costly activity reflecting firms' investment in their workers. Micro-data shows that hiring costs involve production disruption. Thus, cyclical fluctuations in the value of output, induced by price frictions, have consequences for the optimal allocation of hiring activities. We...
Persistent link: https://www.econbiz.de/10012157267
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Relative performance pay, bonuses, and job-promotion tournaments
Kräkel, Matthias (contributor);  … - 2008
Several empirical studies have challenged tournament theory by pointing out that (1) there is considerable pay … recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments … recruitment ; job promotion ; limited liability ; tournaments …
Persistent link: https://www.econbiz.de/10003755972
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Can training programs or rather wage subsidies bring the unemployed back to work? : a theoretical and empirical investigation for Germany
Neubäumer, Renate - 2010
Our paper investigates the relative effects of wage subsidies and further vocational training on the subsequent employment prospects of previously unemployed program participants. First, we outline a theoretical approach based on a firm's hiring decision. For the relative effectiveness of both...
Persistent link: https://www.econbiz.de/10003950725
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Search frictions on product and labor markets : money in the matching function
Lehmann, Etienne (contributor);  … - 2007
This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in selling their production and this affects their decisions to create jobs. Due to search-frictions on the product market, equilibrium unemployment is a U-shaped function of the...
Persistent link: https://www.econbiz.de/10003578815